Financial Services Image
Financial Services Image
what we do

We Help Manage Risk and Keep Cash Flowing

Software Development for Financial Services, Insurance and FinTech

The financial services and insurance sectors are primary drivers of our nation’s economy, and our clients in this space offer everything from lending and financial advisory, to payment systems and insurance products. They help manage risk and provide the free flow of capital and liquidity to make markets run – we help them build the software to do it.

Driving Positive Business Outcomes
Customer Experience Transformation Positions FinTech Platform for High Growth

After being acquired by a private equity firm, our FinTech client had aggressive growth targets they needed to meet. Their current product was limited in its UI/UX design flexibility and their customers were asking for more advanced filters and views of AR data and reports. Without a modernized platform, our client would likely not be able to expand and meet their new growth goals. Learn how we helped them modernize, enhance their UI/UX and introduce more scalable technology.

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Modernized Mobile & Web to Increase Revenue for Global Insurance Provider

Our client, a Fortune 500 global provider of insurance and risk management products and services, had two revenue-generating applications that needed upgrades in order to reduce time-consuming manual processes and meet one of their largest client’s demands for new features. Learn how our team helped this client accelerate their time-to-revenue and reduce engineering costs.

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Anti-money Laundering Solution Helps FinTech Company Stay Compliant

At risk of being out of Financial Crimes Enforcement Network (FinCEN) compliance, our FinTech client needed to adjust how they audit and track suspicious financial activity. The company needed a partner with experience working in heavily regulated financial institutions to create a new system or risk major consequences to their bottom line.

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New Financial Services Digital Product Drives Business Expansion

A leading financial services provider specializing in money transfers had traditionally provided its services on a cash only basis through its walk-in retail storefront locations. However, shifting consumer demand and online offerings from competing institutions created the need for an online money-transfer service.

Our team quickly stepped in to help our client bring their online platform to the market. We conducted an assessment of the existing application and code and provided a roadmap for readying the site for an internal soft launch, then completed the necessary enhancements and readied the site for initial launch. Following a successful soft launch, we developed further enhancements required for international operation.

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Expansion of Customer Portfolio and Increased Sales Through Product Integration

This healthcare technology and services organization offering solutions for healthcare billing and payments, landed a deal to integrate a New York City-based health insurance provider’s platform into their proprietary billing software. We came in to help with the integration and a successful MVP, while helping to expand their core offering to include out of network functionality.

After completing the integration of the health insurance platform, they experienced an increase in sales and the build-out of network capabilities has increased their potential customer base exponentially.


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consumer lending
Consumer Lender Cuts Costs and Improves Customer Ratings

The accelerating growth of a leading national consumer lender specializing in the home-improvement industry meant they needed to modernize their processes, while enhancing the user experience for both their borrower and dealer network users.

We developed multiple applications to provide a better experience for their users and resolve many of the compliance challenges they were experiencing. One consumer application gave customers more visibility into their loan, leading to improved customer service scores on sites like Better Business Bureau (BBB). It also saved our client over $3,000,000 annually in postage fees.

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We Build Great Software

Sparq provides software engineering outsourcing for a variety of financial services, insurance and fintech companies, specializing in multidisciplinary agile teams to build, deploy and support mission critical software.

Product Vision, Development & Launch

Sparq helps you envision your product’s future using a collaborative, outcome-based approach. We lead the creation and launch of user-centered financial and insurance solutions, incorporating AI and ML to optimize risk management, underwriting, claims and transaction processing, advisory services, fraud detection and customer service automation.


Platform Modernization & Cloud Enablement

Sparq helps you modernize and migrate your legacy financial and insurance applications to the cloud, boosting scalability, data management and cost efficiency, vital for processing large-scale transactions and storing critical financial and customer data.

Data, Analytics & AI

Sparq enables you to harness your vast customer, financial and insurance data for deeper insights and automation, encompassing everything from data gathering to advanced analytics with ML and AI, and in compliance with GLBA, Dodd-Frank, PCI DSS, and GDPR regulations.

Product Evolution & Optimization

Sparq takes responsibility for the ongoing improvement, monitoring and support of your mission critical and core products and applications, ensuring their seamless operation and performance in the face of changing market demands, customer expectations and regulatory requirements.

Industry Insights
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Feb 12, 2024

How Can Banks Improve Products for Small Businesses?

Banks are recognizing the growing needs of small businesses are intimately tied to both technological advancements and shifts in consumer behavior. In doing so, they're beginning to tailor their business banking solutions to meet these emerging requirements. In this article, Delivery Executive Kevin Ashworth shares six tools that banks can use to improve their products for small businesses.

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Aug 28, 2023

5 Life Insurance Technology Priorities: Empowering the Future of the Industry

The life insurance industry is constantly evolving, presenting both challenges and opportunities for companies across the board. It's crucial to understand the technology priorities that can drive growth, no matter if you're an established player or a new entrant. In this article, learn five life insurance technology priorities from Delivery Executive John Suminski.

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Jul 13, 2023

Financial Institution Priorities in Payment Technology: A Strategic Investment Guide

As senior executives in financial institutions (FIs), it's crucial to recognize the significance of strategic investments in payment technologies in order to maintain competitiveness, drive profitable revenue growth and improve customer retention. This article addresses five key technology investment priorities for FIs.

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May 31, 2023

Building a Frictionless Customer Experience to Drive Growth

In today's highly competitive business landscape, providing a frictionless customer experience is critical to company growth. Businesses must differentiate themselves by providing a seamless experience to retain customers and attract new ones.

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Jun 22, 2022

Product Vision vs Engineering Reality

Product vision and engineering reality can be two very different things. In this Tech in 2, learn why a cohesive relationship between your product and engineering teams is so important and how they can work together to deliver additional customer value.

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